SpaceX is trimming back 10 percent of its workforce in strategic realignment

12 January, 2019, 18:42 | Author: Regina Silva

Elon Musksaid on Friday that his company, SpaceX, had completed the installation of a Starship reusable space-rocket system launch vehicle for a suborbital test flight.

A company source says SpaceX remains financially strong and can continue to "manufacture and launch at a reliable cadence in the years ahead".

Speaking about the employees who are being laid off, SpaceX said, "We are grateful for everything they have accomplished and their commitment to SpaceX's mission".

Last summer, the company fired some senior managers at the company's Redmond, Washington, office, because of disagreements over the pacing of the development and testing of its Starlink satellite programme.

The SpaceX founder shared the first real images of the prototype from its Texas launch site, telling Twitter followers it is "not a rendering".

Some investors, the newspaper reported, "expressed misgivings about the company's record of burning through cash and its experience with high-profile accidents, which have previously led to dips in revenue".

The orbital Starship will be similar to the Falcon rockets in that there will be two stages: the Super Heavy booster that will land back on Earth after getting the Starship away from Earth's gravitational pull, and then the Starship that will take people to Mars. Founded by Musk, SpaceX makes most of its money from multibillion dollar contracts with NASA and satellite launches.

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Mike Munchak won't serve as the Broncos head coach in 2019 - but the team isn't done trying to pull him out of Pittsburgh. Rapoport believes Kubiak will remain with the Broncos; he's been a senior personnel advisor for the last two years.

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The 23-year-old leaves Barcelona after five seasons at the club, and with 12 goals in his 56 appearances for the side. But for Sevilla , while the Chelsea forward has been a player that interested them, he was not the first option.

Forbes explained that: "Altogether the 20 African tycoons are worth $68.7 billion, down from $75.4 billion for last year's list ". Her net worth dropped due a decline in the value of the oil field, in part because its production has leveled off.

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